Factory Financial Manager - JHB at AVI Limited

NATIONAL BRANDS LIMITED operates 5 manufacturing sites, offering world class manufacturing facilities in Isando (Johannesburg), Rosslyn (Pretoria), Westmead and Durban (KZN). It is home to some of the best-known South African tea, coffee and creamer brands, including our delicious range of much-loved savoury and sweet biscuits, and our melt-in-your-mouth snack range.

An opportunity has become available for an experienced FINANCE MANAGER reporting directly to the Operations Executive of Coffee & Creamer and dotted line to the Commercial Executive. The incumbent is expected to have an affinity for operational and commercial issues and be able to interact effectively with a diverse range of people across various functions. The role will be based at the Isando factory                                                                

Line Manager: Operations Executive

Job Specification:

Key Performance Areas:

Financial Controls

• Manage and monitor company accounting procedures and policies, and internal controls, according to internal standards.
• Implement and communicate Corporate Governance charter / sound accounting practices to management on site.
• Consolidate budgets, plans and forecasts for site with adherence to strict deadlines.
• Manage expenditure in relation to approved budgets.
• Analyse and report to local management and head office all operational variances from budget on expenditure items also highlighting priorities to support improvement.
• Monthly maintenance of general ledger, and authorise timeous adjustments wherever necessary.
• Address any queries with accounts payable on request.
• Ensure month end procedures are adhered to according to predetermined deadlines.
• Working capital management and reporting.
• Review of IT authorisation / access controls and release strategies.
• Assist with completion of annual insurance declaration.

Financial Reporting

• Prepare detailed and insightful monthly management accounts covering the performance of the factory. This will include providing monthly feedback to Exec’s in the factory operational review.
• Report on Income Statement variances and provide necessary commentary.
• Review General Ledger transactions and report on budget vs. actual.
• Report on irregular variances that have been investigated.
• Report on site performance measurements.
• Provide financial input on Ad hoc project work and, where applicable, take ownership of delivery of project

Asset Management

• Monthly maintenance, verification and reporting on fixed asset register.
• Prepare, submit and track Capex workflows for the acquisition, transfer or disposal of fixed assets.
• Conduct regular audits on fixed assets to ensure accuracy of fixed assets register.

Capital Expenditure

• Assist with compilation of the annual Capital Budget.
• Oversee the authorisation and financial aspects of the acquisition of fixed assets.
• Account for any over expenditure on acquisitions.
• Process workflows for the updating of fixed assets register.
• Preparation, assistance and review of EVA (Economic Value Added) Capital Expenditure Proposals.
• Post Capex Evaluations.

Audits

• Handle internal & external audits.
• Recommend and implement corrective action. 

Activity-based and Product Costing

• Review accuracy of the bill of material on SAP.
• Ensure all BOM’s are current.
• Financial integrity of the bill of material.
• Maintain & update monthly standard cost sets.
• Generate budget and forecast cost sets.
• Generate ABC models on SAP for budgets & forecasts.
• Active participation in NPD forums,
• Formulate SCE’s in full based on NPD requirements

People / Quality Management

• Recruit and retain appropriate quality staff.
• Create an environment which is conducive to learning and development (on-the-job learning)
• Manage performance feedback process in accordance with set goals.
• Create a team culture of commitment and delivery against predetermined objectives, values and business requirements.
• Create and maintain a culture of accountability and responsibility.
• Participate in maintaining the QMS programme (ISO9001, HACCP, Environmental management)

Minimum Requirements:

Experience:                                                                   

• At least 10 years' Accounting or Financial Management experience (of which a minimum of 5 years at a Management level) gained within a FMCG or Manufacturing environment.

Qualifications:

• Completed relevant qualification Cost & Management Accounting, Financial Accounting or similar 
• CIMA Added Advantage 

Additional Requirements:

• Experience in COSTING, BILL OF MATERIALS and administration, financial management and accounting in a manufacturing / factory environment.
• Excellent understanding of standard costing principles.
• Advanced computer literacy and knowledge of MSWord, Excel, PowerPoint and an integrated accounting system.
• SAP experience not negotiable.
• Project management experience.
• A good understanding of the ABC costing methodology.
• It is expected that the incumbent will have an affinity for factory operational issues and be able to interact effectively with a diverse range of people across functions.

Competencies:

• Thinking Analytically
• Interpreting Data
• Challenging Views
• Meeting Deadlines
• Attention to Detail
• Minimising Risk
• Planning & Organising
• Taking Initiative